Registration number: 06491734

Positive Steps Associates Limited
COMPANY LIMITED BY GUARANTEE

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 5

Positive Steps Associates Limited
COMPANY LIMITED BY GUARANTEE

Company Information

Directors

E K Phillips L K Robinson

Registered office

130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Positive Steps Associates Limited
COMPANY LIMITED BY GUARANTEE

(Registration number: 06491734)
Statement of Financial Position as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	3,690	3,936
Current assets
Cash at bank and in hand		194	2
Creditors: Amounts falling due within one year	6	(5,571)	(2,179)
Net current liabilities		(5,377)	(2,177)
Net (liabilities)/assets		(1,687)	1,759
Capital and reserves
Profit and loss account		(1,687)	1,759
Members' funds		(1,687)	1,759

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 26 October 2026 and signed on its behalf by:
 

.........................................

L K Robinson

Director

Company registration number: 06491734

Positive Steps Associates Limited
COMPANY LIMITED BY GUARANTEE

Notes to the Unaudited Financial Statements for the year ended 28 February 2026

1	General information

The company is a private company limited by guarantee, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of promoting and highlighting the history of black artists in Britain.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a loss for the year ended 28 February 2026 and had net liabilities at that date of
£1,687.

The company is supported by a loan from its directors which amounted to £4,671 at 28 February
2026 who have agreed to not call for repayment until such a time that the company has sufficient working capital
to do so.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to
continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going
concern basis in preparing the financial statement

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Positive Steps Associates Limited
COMPANY LIMITED BY GUARANTEE

Notes to the Unaudited Financial Statements for the year ended 28 February 2026

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date where transactions or events have occurred at that date that will result in an obligation
to pay more, or a right to pay less or to receive more tax.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than
not that there will be suitable taxable profits from which the future reversal of the underlying timing
differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the
periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted
at the balance sheet date.

Intangible assets

The company has an archive of materials relating to the history of black performers and creators in the arts. The materials are of mixed media and include photographs, newsreel and audio recordings. The company has a policy of purchasing further such materials to complement and expand the archive, and these purchases are capitalised on the Statement of Financial Position at cost.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Archive	20 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2025 - 0).

Positive Steps Associates Limited
COMPANY LIMITED BY GUARANTEE

Notes to the Unaudited Financial Statements for the year ended 28 February 2026

4	Intangible assets

	Archive £	Total £
Cost or valuation
At 1 March 2025	4,920	4,920
At 28 February 2026	4,920	4,920
Amortisation
At 1 March 2025	984	984
Amortisation charge	246	246
At 28 February 2026	1,230	1,230
Carrying amount
At 28 February 2026	3,690	3,690
At 28 February 2025	3,936	3,936

5

Debtors

	2026 £	2025 £
	-	-

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Taxation and social security	-	327
Accruals and deferred income	900	180
Other creditors	4,671	1,672
	5,571	2,179